Energy Markets
Methods and expertise
- Development of short- and long-term scenarios for energy markets (e.g. price scenarios)
- Data analysis and statistical learning approaches for forecasting applications
- Optimization tools and algorithms in the energy sector
- Techno-economic cost-benefit analysis in the energy sector (macro- & micro-economic CBA)
- Investment decision support for utilities, prosumers, investors and system operators
- Policy support and recommendations for decision makers
- Integration of prosumer flexibility into the market and grid
- Qualitative and quantitative analysis of electricity market design (energy-only versus capacity market, balancing market)
- Analysis of capacity expansion planning under consideration of risk assessment
Methods and tool development
- Modeling of energy systems
- Development of business models
- Agent-based modeling of electricity markets (agents e.g. aggregators, regulators)
- Evaluation of energy price development, capacity expansion and investment decisions
- Development of a comprehensive database (resources on supply, demand and flexibility)
Relevance
- Energy system and market models are important decision-support tools for a successful transition
- Such models and methodologies enable the analysis of future development and the description of pathways through scenarios
- New business models are one of the main drivers for different actors to invest in new technologies and apply new concepts
Services
- Short, medium and long term portfolio optimization in terms of generation and flexibility options
- Energy price forecasting
- Cost-benefit analysis, decision support, strategy development
- Consulting services for utilities, grid operators, regulators and policy makers